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Singapore fuel oil stockpiles ease but hold well above average

Singapore's onshore fuel oil stockpiles declined by 6.4 percent to 24.65 million barrels in the week to August 13, following a recent seven-month high. Despite the decrease, inventories remain significantly above typical averages, supported by robust supplies from the Middle East and other regions. The United Arab Emirates was the leading supplier, while China was the main destination for outflows. Ample supply across Asia has kept market recovery subdued, with high-sulphur and low-sulphur cargo differentials remaining under pressure.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14999943/Singapore-fuel-oil-stockpiles-ease-hold-average.html
Source Id: 8815342230

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